The site of the former Health-South rehabilitation facility in downtown Austin is set to be transformed into a mixed-use destination comprising a 36-story residential tower, a 15-story office building, more than 25,000 square feet of retail space and a half-acre elevated park. Located at 12th and Red River streets, the sustainable development will catalyze growth within the city’s Innovation District, which is home to the 11-acre Waterloo Park. A 18,000-square-foot food hall will aid in activating Waterloo Park.
Aspen Heights Partners was selected to redevelop the site after responding to the Austin Economic Development Department’s request for proposals to transform the site in a way that would maximize its value to the community through the addition of affordable housing and other public benefits. A group of deeply rooted Austin-based companies including Aspen Heights, design firm STG Design, engineering firm Civilitude and landscape architecture firm Studio Balcones will work together on the development, which will feature 160 condominiums and 348 rental apartments.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.
